On Tuesday, October 7, GraniteShares filed with the U.S. Securities and Exchange Commission (SEC) for a 3x XRP ETF. This will permit buyers to take greater leverage lengthy and leveraged quick bets for larger publicity. Pro-XRP lawyer Bill Morgan believes that this may set off panic shopping for for XRP shifting forward. XRP worth has been at the moment buying and selling on the essential assist at $2.85, with analysts seeing potential upside.
GraniteShares to Bring 3x XRP ETF For Traders Seeking Higher Risks
Citing a robust demand for the 2x leveraged XRP ETF from ProShares and Teucrium, GraniteShares filed for a 3x XRP ETF. This improvement comes because the US SEC has to resolve on six Ripple ETF purposes this month, in October.
GraniteShares will introduce each lengthy and quick leveraged ETFs for all 4 cryptocurrencies, providing merchants 3x the day by day efficiency of the underlying belongings. The proposed merchandise would carry considerably greater risk-reward profiles in comparison with the at the moment accessible 2x leveraged funds.
Following this improvement, pro-XRP lawyer Bill Morgan stated: “I will continue panic buying XRP in the face of this terrible XRP ETF demand”. In current occasions, the Ripple cryptocurrency has emerged as essentially the most sought-after asset for leveraged crypto merchandise, pushed by sturdy retail investor demand.
Despite the uncertainty in SEC circumstances, the 2x XRP ETFs have already attracted over $300 million in internet inflows, underscoring sustained market curiosity. Data exhibits that the Teucrium 2x XRP ETF (XXRP) has gathered over $440 million in belongings since its launch in August 2025. Similarly, the newly launched REX-Osprey XRP ETF (XRPR) has already gathered greater than $87 million in belongings below administration in lower than three weeks.
All Eyes on the Ripple Cryptocurrency Movement
Amid the broader crypto market sell-off, the XRP worth has been going through promoting strain and is testing an vital assist at $2.85 ranges, after 4.5% drop final week.
Popular dealer Peter Brandt mentioned that if XRP loses the essential assist at $2.68, it may well additional slide to $2.2. So far, the bulls have managed to remain above these ranges; nevertheless, they’ve been struggling to maneuver previous $3.0.
Blockchain analytics agency Santiment reported that XRP is experiencing its highest stage of retail concern for the reason that announcement of U.S. tariff measures six months in the past. The agency famous that bearish commentary has outnumbered bullish sentiment on two of the previous three days.
According to Santiment, markets typically transfer opposite to retail dealer expectations. This means that the current spike in unfavorable sentiment might precede a rebound in XRP’s worth.
